Title page for ETD etd-12022002-093315


Type of Document Master's Thesis
Author Lensing, Christine
URN etd-12022002-093315
Title The Economic Implications of Proposed Changes in the Retail Meat Pricing Series
Degree Master of Science
Department Agricultural and Applied Economics
Advisory Committee
Advisor Name Title
Jones, Eluned C. Committee Co-Chair
Purcell, Wayne D. Committee Co-Chair
McGuirk, Anya M. Committee Member
Keywords
  • Retail Meat Prices
  • Quantity-weighting
  • Beef
Date of Defense 2002-09-13
Availability unrestricted
Abstract

The Economic Implications of Proposed Changes in the Retail Meat Pricing Series

Christine Lensing

(ABSTRACT)

The Bureau of Labor Statistics (BLS) has historically collected retail meat prices from various supermarkets to use in its calculation of the Consumer Price Index. The Economic Research Service (ERS) of the U.S. Department of Agriculture is responsible for reporting retail meat prices, which it acquires from the BLS. The Mandatory Price Reporting legislation of 1999 mandated that the ERS develop and report a more extensive set of retail meat prices. The legislative initiative of 1999 came about due to the absence of prices for some species and classes of meat as well as the growing and pervasive belief that BLS price series were incorrect, inaccurate, or were at the very least not accounting for the large volume of meat sales at special and/or discounted prices. The main purpose of this thesis project was to identify some of the major data shortcomings of the current retail meat price series that should be addressed in the restructuring of a new price reporting system. A survey was administered to retail meat price users to establish which shortcomings in the historical retail meat price series they consider to be the most significant. The other aspect of this study was concerned with analyzing weekly retail scanner meat price data for five beef cuts to establish the impact of quantity-weighting on the mean and variance of the retail meat price series, as well as the own-price elasticity parameter.

Files
  Filename       Size       Approximate Download Time (Hours:Minutes:Seconds) 
 
 28.8 Modem   56K Modem   ISDN (64 Kb)   ISDN (128 Kb)   Higher-speed Access 
  Chapter_2_Lit_Review.pdf 168.39 Kb 00:00:46 00:00:24 00:00:21 00:00:10 < 00:00:01
  Chapter_3_Survey.pdf 194.45 Kb 00:00:54 00:00:27 00:00:24 00:00:12 00:00:01
  Chapter_4.pdf 251.72 Kb 00:01:09 00:00:35 00:00:31 00:00:15 00:00:01
  Chapter_5_appendices.pdf 1.58 Mb 00:07:18 00:03:45 00:03:17 00:01:38 00:00:08
  Title_etc_chapter_1.pdf 551.63 Kb 00:02:33 00:01:18 00:01:08 00:00:34 00:00:02

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